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Update: Guangdong Zhenrong Energy refutes that it is unable to operate the refinery

WILLEMSTAD – The government of Curacao has scrapped a preliminary agreement with China’s Guangdong Zhenrong Energy (GZE) to operate the island’s aging Isla refinery, saying the company misrepresented itself and was unable to take on such a large endeavor. GZE said the decision violated the terms of the agreement and the company may initiate arbitration to […]